Nifty Weekly Expiry Analysis

  • FII bought 4.7 K contract of Index Future worth 553 cores, Net OI has increased by 10.5  K contract, 7.6 K Long contract were added by FII and 2.9 K Shorts were added by FII. Net FII Long Short ratio at 2.76  So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis  Now Till we are below Astro Date High of 13597 bears have upperhand. Bulls need to break 13600 for a move back to 13650/13729/13800. Bears below 13470 can push index back to 13420/13366/13300. Low made was 13606 so bulls were able to break 13600 and did 1 target on upside. We have Venus Ingress tommrow so first 15 mins High and low break willd decide the trend for the day. Bulls need to break 13715 for a move back to 13782/13800/13880. Bears below 13575 can push index back to 13517/13459/13401.

  • Total Future & Option trading volume at 25.8 Lakh core with total contract traded 1.06 lakh , PCR @1
  • Nifty Dec Future Open Interest Volume is at 1.24 Cores with addition of 7.4 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @12984 closed above it.
  • 13700 CE is having Highest OI at 24.5 Lakh, resistance at 13700 followed by 13600.13500-13700 CE added 12.2 Lakh in OI so bears added in range of 13600-13700.FII bought 25.9 K CE and 13.2 K CE were shorted by them. Retailers bought 54 K CE and 59 K  CE were shorted by them.
  • 13500 PE OI@25.5 Lakhs having the highest OI strong support at 13500 followed by 13400. 13300-13500 PE added 22  Lakh in OI so bulls addded position in range 13400-13500.FII bought 14.3 K PE and 21.7 K PE were shorted by them. Retailers bought 168 K PE and 108 K PE were shorted by them.
  • FII’s bought 1981 cores and DII’s sold 1718 cores in cash segment.INR closed at 73.71

Buy Above 13715 Tgt 13745,13777 and 13805 (Nifty Spot Levels)

Sell Below 13650 Tgt 13628,13600 and 13574 (Nifty Spot Levels)

Upper End Of Expiry : 13820

Lower End of Expiry :  13545

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